From governments to mainstream companies, everyone has looked into cryptocurrencies and blockchain. While the industry did welcome many big shots, the price of most cryptocurrencies including Bitcoin witnessed massive price drops this year. As 2020 is just days away, several have been speculating the price movement of the king coin and the other altcoins. Caleb...Read More
On one hand, the Ethereum community has been gearing up for the transition of the network from Proof-of-Work [PoW] to Proof-of-Stake [PoS] with Ethereum 2.0, the members of the Ethereum Classic community, on the other hand, have leaned toward the Proof-of-Work algorithm. The founder of ETC Labs, James Wo previously expressed that ETC wasn’t looking...Read More
When Bitcoin was introduced to cypherpunks in 2008 by Satoshi Nakamoto as a peer-to-peer payment system, it was immediately labeled as a revolution as great as that of the Internet. However, as the cryptocurrency started to garner more attention with each passing day, the shortcomings of the blockchain technology have become more and more evident. ...Read More
Very few companies survived the aftermath of the ICO hype, Ripple is one such company that was inspired by ideologies of Bitcoin and built to make cryptocurrencies better, faster, and more secure. Although the narrative around Ripple and XRP has changed over the years, both have done more than just survive: they have flourished. As...Read More
One of the most prominent developments in the space this year was China’s President, Xi Jinping, calling on the nation to “seize the opportunity” and take a “leading position” in the development of blockchain technology. Following the news was the short-lived Bitcoin rally, reports of Chinese news and its correlation with Bitcoin’s price, and FOMO-driven...Read More
While the traditional financial industry is no stranger to wash trading, various studies in 2019 demonstrated the widespread prevalence of artificial inflation of trading volume in the crypto industry as well. As reports of alleged fake trading made headlines in 2019, exchanges have started addressing the issue of inflated volumes. Former Senior Market Analyst at...Read More
Bitcoin‘s Lightning Network is popularly considered a poor scalability solution by the general crypto community but its supporters are adamant that its privacy feature is fundamentally secure. The aforementioned sentiment was discussed in a recent research paper released by three Hungarian Researchers. The paper titled “A Crypto-economic Traffic Analysis of Bitcoin’s Lightning Network” raised concerns...Read More
Looking back at 2019, altcoin XRP witnessed a major drop in its price throughout the year. Currently priced at $0.193, XRP is at its yearly low. Despite XRP’s price, the altcoin stands as the third-largest coin with a market cap of $8.39 billion. Additionally, Grayscale’s report also suggested that XRP had gained “momentum among both...Read More
Tokenization firm AlphaWallet partnered with the Union of European Football Associations (UEFA) for the upcoming European Football Championship, ‘Euro 2020′. Via Ethereum integration, Alphawallet plans to put around 20,000 tokens on the custom blockchain backing the tournament tickets. According to reports, Victor Zhang, CEO of AlphaWallet, stated, “If we can convert 50% of the digital...Read More
Bitcoin‘s Lightning Network has received a lot of flak over the years, but a majority of its criticism is due to lack of clarity. Although the scaling solution recently received support from major exchange Bitfinex, the community remained skeptical about LN’s functionality and application. Recent research provided by a group of Hungarian researchers sheds more...Read More
The growth of digital assets’ derivatives market underlined one of the key developments in 2019. Institutional involvement soared significantly as the likes of Fidelity and ICE’s Bakkt announced their presence in the crypto industry and other exchanges such as Binance, also launched their own futures platform. A majority of the exchanges launched Bitcoin or Ethereum...Read More
As the year comes close to an end, it is the time for retrospection and reflection: the same holds for XRP, which holds its position as the third-largest cryptocurrency. XRP has managed to retain its community despite its shaky track record when it comes to price performance. This article takes a look back at XRP...Read More
Systems similar to banks have existed since time immemorial: From barter system to lending gold coins. Though banks were in financial fashion, Internet has paved the way for a revolution more efficient. The shortcomings of the banking system resulted in the exclusion of over 1.7 billion individuals from the financial ecosystem. While people sought an...Read More
The Ethereum Foundation was in the news after Co-founder of the network, Vitalik Buterin affirmed that the Foundation had sold about 70,000 ETH when the token was at an ATH. While ETH was being traded for an ATH of about $1,400, the Foundation reportedly earned nearly $100 million by selling the altcoin. In an interview...Read More
While the United States’ regulations surrounding blockchain technology or cryptocurrencies need clarity, other countries like China, Russia as well as Venezuela seem to be making headway. Recently, the Governor of Russia’s Central Bank, Elvira Nabiullina revealed that the country had been exploring the prospects of digital currencies and is even considering launching one that is...Read More
Huobi, one of the major cryptocurrency exchanges in the industry, launched a fiat getaway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT) on December 27. Being one of the largest economies in Southeast Asia, local investors will now be able to use local fiat currency and trade over 250...Read More
Maker Foundation’s Interim Governance Facilitator, which is responsible for maintaining the ecosystem supporting the governance process, announced placing an “executive vote” for the community to approve a change in the protocol. According to its official blog, the alteration proposed in the Maker protocol in terms of debt ceiling adjustment was: Lower the Sai Debt Ceiling...Read More
Cryptocurrencies introduced a whole new financial industry but a string of debates trailed immediately behind it. A major discussion that is hotly contested across various assets is whether an asset can be categorized as security or not. ICOs created a major issue in 2018 when over $11 billion were raised from crypto projects, as the policymakers...Read More
Facebook‘s Libra has been in a tough spot since its inception. Though conceptualization was way back in July 2018, David Marcus and his team have faced constant pushbacks from policymakers and regulators across the globe. Speaking to Reuters, Patrik Ellis, one of the board members of Libra Association had stated, “At this stage, there is...Read More
Recently, on the Bitcoin & Co. podcast, host Anita Posch spoke to the co-founders of Braiins, who operate the world’s first Bitcoin mining pool, Slush Pool. During the interview, Jan Capek and Pavel Moravec spoke about the Bitcoin mining protocol, its flaws and ways to address them. As part of upgrades to their Braiins OS,...Read More
Bitcoin and cryptocurrencies have become immensely popular and this has cast a spotlight on the underlying decentralized ledger technology – blockchain. Blockchain tech has taken the world by storm and its landscape has been evolving at a rapid pace. This technology has been both attractive and critical for ensuring enhanced security and as well as...Read More
It’s either black or white with Bitcoin: While In India, China, and Russia, the largest digital asset is still identified as an illegal form of currency, the same asset has been recognized as a beacon of hope for certain nations based in South America. Over the past few years, the likes of Venezuela, Columbia, and...Read More
Crypto derivatives exploded in the 2019 market as the cryptocurrency market entered a phase of maturity. In the relatively nascent space, the increasing availability of cryptocurrency derivative products has been one of the main attractions for institutional traders and investors. With platforms entering the crypto-derivatives markets on the rise, Co-founder of CoinGecko, Bobby Ong believes...Read More
The cryptocurrency world that we all love, adore and hate has come a long way from being used by cypherpunks; the regulation and adoption rate has increased exponentially in the last decade and will continue to do so. In addition to the above, we have parried our way from Bitcoin’s boom and bust cycles to...Read More
Ten years on since Bitcoin’s inception great minds have flocked into the space. While a few of the cryptocurrencies happened to be forks of the king coin with negligible market cap, others have survived purely because it addressed unique offerings. Along with market capitalization, investor appetite and institutional coverage for cryptocurrencies have increased exponentially. However,...Read More
YouTube faced criticism after it took down cryptocurrency and blockchain-related videos from its platform further categorizing it as harmful and dangerous content. While this enraged several Crypto YouTubers, they took to Twitter to express their agony and sought response from YouTube. While everyone thought that crypto YouTubers were the only ones that were affected, co-founder...Read More
2019 for the Ethereum Classic was evidently eventful, with the Atlantis hard fork and the testnets for Agharta hard fork rolling out. While the ETC community is ending the year on a good note, the beginning of 2019 was quite contrary to the current scenario. In the second week of January 2019, the Ethereum Classic...Read More
2019 created many regulatory hurdles for crypto-businesses, mainly exchanges. Binance had to temporarily shut shops in the United States to comply with the regulatory norms, and soon launched its Binane U.S. platform to serve the customers in the country. However, Binance became a trendsetter, as many exchanges followed its lead and launched its own exchange...Read More
DeFi has been all about decentralizing the financial space and has grown multi-folds in 2019. However, the claims of the protocol being open, permissionless, and censorship-resistant have been put to test lately, and according to Mesari’s recent report, “it’s a bit early to trust those sweeping, aspirational claims.” MakerDAO has been leading the growth in...Read More
Every market has it’s defining entities. In the cryptocurrency market, none are more sought after than Binance. Founded in 2017, the exchange traversed the world before settling in the Mediterranean island of Malta, and while 2018 was a year to forget for the market and the exchange, 2019 was a year to BUIDL. Binance structured...Read More
